New York State Teachers Retirement System Trims Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

New York State Teachers Retirement System trimmed its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 6.1% during the third quarter, HoldingsChannel.com reports. The firm owned 197,600 shares of the medical instruments supplier’s stock after selling 12,800 shares during the quarter. New York State Teachers Retirement System’s holdings in DENTSPLY SIRONA were worth $5,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in DENTSPLY SIRONA by 8.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,015 shares of the medical instruments supplier’s stock worth $1,328,000 after purchasing an additional 3,219 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of DENTSPLY SIRONA by 117.1% in the first quarter. BNP Paribas Financial Markets now owns 406,242 shares of the medical instruments supplier’s stock worth $13,483,000 after purchasing an additional 219,108 shares during the period. Nordea Investment Management AB raised its position in shares of DENTSPLY SIRONA by 6.7% in the first quarter. Nordea Investment Management AB now owns 83,898 shares of the medical instruments supplier’s stock worth $2,784,000 after buying an additional 5,288 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in DENTSPLY SIRONA by 7.9% during the first quarter. Daiwa Securities Group Inc. now owns 17,652 shares of the medical instruments supplier’s stock valued at $585,000 after buying an additional 1,296 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in DENTSPLY SIRONA during the first quarter worth about $64,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on XRAY shares. Stifel Nicolaus lowered their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Needham & Company LLC lowered their target price on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Evercore ISI cut their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.88.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $23.39 on Wednesday. The firm has a fifty day simple moving average of $25.00 and a two-hundred day simple moving average of $26.06. DENTSPLY SIRONA Inc. has a twelve month low of $22.84 and a twelve month high of $37.60. The company has a market capitalization of $4.74 billion, a PE ratio of -27.20, a P/E/G ratio of 1.28 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

DENTSPLY SIRONA Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.